Slope Realty Sells Mixed-Use Property In Park Slope, Brooklyn For $4.55M

The mixed-use property located at 396 7th Avenue in Park Slope, Brooklyn has been sold in a closed transaction. The property consists of 2 commercial units and 6 residential units, offering a total of 7,244 square feet. The sale price for this transaction was $4,550,000, resulting in a price per square foot of $628. This indicates a cap rate of 5.5% for the property.

Summary of transaction details

• Property Type: Mixed-use
• Transaction Amount: $4,550,000
• Address: 396 7th Avenue, Park Slope, Brooklyn
• Market: Park Slope, Brooklyn
• Asset Type: Mixed-use

The seller of the property is Slope Realty. The deal was facilitated by brokers Adam Hess and Edward Setton from Meridian Capital Group.